Trump Shocks Wall Street with 10% Credit Card Cap—Even Elizabeth Warren Agrees!

In a move that’s rattling big banks and surprising even political rivals, President Trump has proposed a bold new economic reform: a one-year cap on credit card interest rates at 10%, set to take effect on January 20th. On this episode of Good Morning NTD, host Kerry Dunst is joined by economist Christian Briggs, CEO of Hard Asset Management, to unpack the full impact of this headline-grabbing announcement—and what it means for working Americans.Briggs doesn’t mince words: this is one of Trump’s most progressive economic policies to date, even drawing praise from none other than Senator Elizabeth Warren, long known for her anti-bank rhetoric. What makes this policy so potent, Briggs explains, is the timing. With over 61% of Americans carrying credit card balances beyond 12 months and the average interest rate hovering near 20%, the 10% cap could deliver massive relief for middle-class families—especially those hit hardest by post-pandemic inflation and holiday debt.But it’s not all smooth sailing. Briggs walks through the risks too—particularly how lenders might respond by tightening access to credit for lower-tier borrowers. While high credit score consumers stand to benefit the most, some small businesses and lower-income families may see reduced access to new credit lines. Even so, Briggs maintains that the overall impact could be “a windfall for consumers”—offsetting the pressure of Trump’s tariff strategies and cushioning everyday Americans from global price shocks.The most fascinating twist? Trump and Warren reportedly spoke directly about the plan, and she praised his move. Briggs calls it “an opening for the GOP to expand its base” and a political masterstroke that could help the Republican Party reach voters it traditionally hasn’t. As Briggs puts it, “This helps the masses, not just the classes.”Whether you’re a small business owner, a working parent, or a political analyst tracking every 2026 campaign move, this conversation is essential listening. With $1.7 trillion in credit card debt hanging over the country and the Fed still weighing interest rate cuts, Trump’s unexpected pivot toward populist economic reform might just be the policy that flips the script—and the next election.